Are digital payments secure enough for the Indian economy to go cashless?

At present, digital payments is secure & achieving new success every day if you see increase use of app in urban man life is phenomenal & you can connect the success story with the digital payment gateways, Yes digital payment is need of hours it make life easy for the urban educated men. But considering our 25% GDP coming from agricultural which don't have infrastructure & know-how for the digital transaction. And considering Indian literacy rate is low & there are seniors citizen who have very less exposure of digital payment & Indian villages where majority of population leaves they are very prone for digital transaction fraud & our majority of Indian people are not prepared cashless. So, it better to wait for & trained people for a digital payment gateway.

Digitisation is good in every way possible. As it helps us to save our valuable time and also everything is very transparent and clearly accessible by the customer under digitisation. But yes there is a need to expand this to rural areas where people are still facing a lot of problems. Also, the government should think to devise some cheap means to do online payments so that it can be affordable for everyone.

Digital payments are one of the means to complete financial transactions. For the growing economies digitization helps a lot in increasing efficiency and lessening time and efforts. Demonetization gave stimulus to this by making most of the people using these services. For a growing economy like India it is one of the important factors to use digital payments which can be increased by financial literacy. Still, 75 percent of the people in our country rely on physical transactions due to trust issues. It is important to educate by going into deep sectors of our country. Demonetization forces us to do digital payments but what the worth is we ourselves willing to do digital payments which can attain through financial literacy.

Hi everyone.

In my opinion, digital payment is one of the ways of payment but not enough to go cashless. Because right now 70-75% people do transaction physically. They are not fully educated to do transactions they have smartphones but don't have the ability to use it the way it needs to be used. Yes it is very effective you don't need to carry cash with your self there is fewer chances of robbery and other cases. But at the same point, there are many cases where cyber attacks happen. Your money will be deducted and you will not come to know about that. Recently, data of many people was leaked from Facebook, in the same way, many times our personal details are also leaked. To make the India economy to go cashless first we need to have a strong connection and strong secure data protection.

The progressive country like India needs digital payments.

Because they make the transactions fast & easy, they are secure.

But the problems in our country is everyone wants to do digital payments but no-one wants to know measures taken during marking these payments.

So, I can say right now digital payments are unsafe.

We have to make aware all of it.

According to me, digital payment secure enough for the Indian economy to go cashless. It saves a lot of time. It is a very simple way for transferring money but only for some people. But the illiterate people don't know to use these technologies and they found it difficult. For doing digital payments you should have proper knowledge about using it as everything have pros and cons if you don't have proper knowledge about digital payment it may turn into fraud. So it good only if everyone knows how to use it and it is a good initiative taken by the government to make Indian economy to go cashless.

There is no doubt that India is moving towards digitization. It is also an opportunity for us to make contribution into this wave. Our govt is making tremendous efforts to make this wave successful. If it happens, we can save our time and efforts. But if we think towards the other side there are some loopholes too. Aadhar data leak has been in news for many months. There are also many cases of balance theft or phishing. So, to check this, first govt should aware the common people toward digitization. Govt should check the availability of smartphones etc.

Today's situations is not allowing to go cashless Indian economy, but it is very very important to make cashless transaction but before this we prepare & make strong our basic structure like every person should have a smartphone & know their use smartly & everywhere should reach electricity power all ruler area & fast connectivity everywhere.

According to my opinion, digitization to be made more secure for practical use of it right today there are only 56% of people who mostly using cashless transaction and should be increased for sure by making people aware of comforts and my programming securities should be laid to avoid technical errors anyway our country is new era I am expecting that after 5 years there will be 85% cashless others will be small transactions.

No, digital payments is not enough to cashless India. But still in village area there is manual circulation of money. So we want more development to cashless India.